Maruti Suzuki share price rises over 2% as auto sales up 10% in November 2024

The stock rose 2.17% to ₹11,314 apiece on the National Stock Exchange (NSE) in the early trade. The market capitalisation stands at ₹3,55,895.85 crore.

On the BSE, the stock was up 2.21% to ₹11,317.50.

Maruti Suzuki sales up 10% to 1.81 lakh units in November

Maruti Suzuki India posted a 10% YoY rise in its total sales to 1,81,531 units in November 2024, compared to 1,64,439 units in the year-ago month, the company announced on December 1.

Total domestic passenger vehicle wholesales rose 5% to 1,41,312 units against 1,34,158 units in November 2023.

Sales of mini segment cars, including S-Presso and Alto, were reported at 9,750 units compared to 9,959 units earlier. Compact cars (Dzire, Baleno, Celerio, Swift, Tour S, Ignis and WagonR) sales declined 5.1% to 61,373 units against 64,679 units in the year-ago month.

Sales of Utility vehicles (Brezza, Grand Vitara, Ertiga, and XL6) were at 59,003 units last month, up from 49,016 units earlier.

Sales of van Eeco were 10,589 units in November 2024, up from 10,226 units in the year-ago month, while those of light commercial vehicle Super Carry stood at 2,926 units, up from 2,509 units earlier.

The carmaker had posted a 17.4% declie in its standalone profit after tax (PAT) to ₹3,069.2 crore for the three month period ended September 2023. The post-tax profit was ₹3,716.5 crore in the same quarter last fiscal.

Revenue from operations rose 0.37% to ₹37,202.8 crore in the second quarter of the financial year 2024-25, against ₹37,062.1 crore a year back.

EBITDA declined 7.7% to ₹4,417 crore in the quarter under review against ₹4,784 crore in the September quarter of FY24.